Schonfeld Strategic Advisors LLC Acquires 14,055 Shares of BorgWarner Inc. (NYSE:BWA)

Schonfeld Strategic Advisors LLC increased its stake in BorgWarner Inc. (NYSE:BWA) by 48.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 43,232 shares of the auto parts company’s stock after buying an additional 14,055 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in BorgWarner were worth $1,374,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BWA. Avior Wealth Management LLC increased its holdings in shares of BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 342 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of BorgWarner by 0.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company’s stock valued at $1,730,000 after buying an additional 381 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in BorgWarner by 0.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company’s stock valued at $2,421,000 after acquiring an additional 393 shares in the last quarter. Norinchukin Bank The boosted its stake in BorgWarner by 4.4% during the 4th quarter. Norinchukin Bank The now owns 9,501 shares of the auto parts company’s stock valued at $302,000 after purchasing an additional 402 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of BorgWarner by 0.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 48,349 shares of the auto parts company’s stock worth $1,537,000 after purchasing an additional 450 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

BWA has been the subject of a number of recent analyst reports. BNP Paribas raised BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 target price for the company in a research report on Tuesday, March 18th. Barclays dropped their target price on shares of BorgWarner from $42.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Piper Sandler decreased their target price on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. TD Cowen downgraded BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a research note on Friday, March 7th. Finally, StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a research report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and an average target price of $37.00.

BorgWarner Stock Performance

Shares of NYSE BWA opened at $28.97 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. BorgWarner Inc. has a 1 year low of $24.40 and a 1 year high of $38.23. The firm has a fifty day moving average price of $28.01 and a 200-day moving average price of $30.99. The stock has a market cap of $6.37 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Equities analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.52%. BorgWarner’s payout ratio is currently 30.77%.

Insider Buying and Selling

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the transaction, the executive vice president now owns 39,110 shares of the company’s stock, valued at $1,125,976.90. This represents a 38.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the sale, the chief accounting officer now directly owns 259,310 shares in the company, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,800 shares of company stock worth $1,347,701. 0.45% of the stock is owned by insiders.

BorgWarner Company Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.